there will be another round of layoffs. They will be labeled as achieving post TG synergy targets. Unfortunately, the EC has already announced twice in the last year that the reduction in force due to integration of TDA is over followed by Walt... — read more
Walt here! AMA
Anything, but don't expect an answer for everything.
What is the bonus% for the laidoff
What is the bonus% for the laidoff? Any news?
MD here, here's the sad truth about Schwab in 2024 and beyond
I can tell you that the plan is to deny all of the full-time WTH employees in May when they are forced to reapply. Schwab doesn't care one bit about employee work life balance or their happiness or even their engagement. The only thing that matters... — read more
Even more lies
A huge portion of my team is remote, including my direct manager. The reps impacted by RTO were told that reps in the remote positions would not have new roles opening, and not have the same level of career growth. A new manager position has opened... — read more
Dallas Morning News
Now is the time. Let's take this board to the survey and tell how great a workplace we have. Lol
I’m so tired
I’m tired of these terrible phone systems. I’m tired of taking calls for departments that aren’t mine when I’m supposed to be a highly specialized department. I’m tired of talking to ancient people who scream at you when you try to answer their... — read more
Call having legacy people pretending to be java.
Couple of days back I came out of call where MF people pretending to java, and still working on MF. team located in CO, TX . Then I came to know they are migrating there application from last 7 years. If migration is happening for near decade, why... — read more
Phone system
What is the deal with the phone system? Dealing with upset clients all the time due to tech issues is the last straw for me
Why Schwab is outsourcing ?
I am just curious , if Schwab have more employ Post TDA merge why Schwab not reducing contractors ? Why they are opening project for outsourcing when they can do in house.
“Anonymous” Survey
I was given an opportunity to submit feedback in a more free form manner (this was not the Glint survey). I had to disclose my business unit before filling out the survey, but not my immediate team or location. I was very direct with my feelings... — read more
March 8th, bloody Friday?
Will we see a wave of resignations when bonuses hit accounts?
5 Day RTO Coming Soon
Just wait. Announcement soon.
Seems like the BANKS had a big part in holding SCHWAB back in 2023 along with bad investments and MANAGMENT
Interesting "Fidelity Investments blew the doors off 2023, with a leap to $12.6 trillion in assets administered and a bound by 12% in financial firm revenue to $28.2 billion – a cool half billion a week, according to its annual report released... — read more
What is the most stressful part about working at Schwab?
Surprisingly, for me, it's not the layoffs. It's having to deal with a micromanaging boss who has no idea how to do my job but still thinks he can do it better. It's driving me insane. I often have to do things in a suboptimal way because of his... — read more
1:1
My 1:1 meetings were never good, but, jfc. Seven minutes late. 19 minutes about their personal life. No answers to questions asked before. Skips aren’t any better. Why do managers fail so epically to do their one job? And why are they here? — read more
Anyone Successful With Unemployment Claim??
I started the paperwork on 1/5 and got my official rejection/denial this morning... they put me thru the ringer with multiple phone calls to me and contacts to SCHW and validating all SCHW Severance, Vacation Pay, Back Pay, WARN Pay etc. --- I was... — read more
Drove by Westlake
For the first time I went by the Schwab Westlake headquarters on Monday and during the middle of the trading day it was dead. There is no way everyone is being forced to return to the office like the other centers. Did you all get exceptions or what?... — read more
Just got a nice letter about my stock options.
2023: You’re just so valuable, here are some stock options to keep encourage you to stick around. Of course they don’t start vesting for a year… 2024: What? Did you think we were serious? We’re taking those unvested options (read: ALL OF THEM) back... — read more
RTO is a farce
Anyone notice how companies across America all implemented the same RTO at the same time time with the same messaging even though it didn’t really make any sense ? It’s like all CEOs get the same HR magazine called, “Slavery Now” and all took a... — read more
Full Circle Karma Moment
I had to laugh at this- had a couple of people leaders of different levels who I’ve worked with reach out making soft enquiries about my new role at a different company. If they were to leave, there would be significant disruption and interruptions... — read more
Chances of WFH coming back late this year or next year?
I was curious what everyone thinks of this. Heard some people talking the other day in office that apparently WFH might come back later this year or next year. The issue that is happening (at least on the tech side) is that recruiting for those roles... — read more
Move Your HSA Monday
Remember that Optum is one of the worst HSA custodians out there (shock I know). 0.01% interest and fees. I've been happy with Fidelity, but there are lots out there. Looking at alternatives makes sense whether you're using the account as an IRA or... — read more
Can anyone suggest solid midwestern companies that may be hiring?
I’m seeking suggestions for well-established midwestern companies with HQs that are not and have never been located on either coast. These companies typically have values more aligned with those I’m seeking to work for. Thanks!
Are Leaders not supposed to communicate with laidoff associates?
I was a high performer, got exceeds rating for last 2 years. I was laidoff, no job yet nor anyone reaching out. All jobs I am applying to are getting cancelled. The people I used to worked my ex bosses who are still at Schwab don't even want to... — read more
The Enshittification of Schwab and everyone else
Sounds pretty depressing for the future. https://www.ft.com/content/6fb1602d-a08b-4a8c-bac0-047b7d64aba5
COBRA - possible to change coverage level between Open Enrollment and COBRA enrollment?
I'm wondering if anyone has successfully changed their coverage level for Medical, Dental, and Vision when they enrolled in COBRA. During Open Enrollment in 2023, I selected the higher premium/lower deductible plans for Medical and Dental that I... — read more
Ever wonder why Schwab has never offered buyouts to employees instead of just laying off random people?
Schwab knows that the list of people wanting to leave this sinking ship would account for over 25% of the company and it would be an embarrassment. Leadership would have a hard time selling the cr-p they are now on how great our culture is. It is... — read more
Friendly Reminder
If you are being targeted and/or thinking of quitting you have three options. You should consider the first item even if you think things are great. Document everything with audio recordings, notes in real-time or immediately after, emails and other... — read more
Package from Omaha on the way
Was part of the layoffs on 10/30 and I received ups notification that there is a 3 pound package on the way from Omaha. Supposed to receive it tomorrow, anyone receive something similar or know what it is?
Bonus for Laid off employees
Any update or news on this topic? Do you really think we get a bonus? I cannot imagine getting a bonus, although we are eligible, same managers sho decided to let people go have the power to control the bonus pool, so I think we will get nothing! — read more
For Those Laid Off, What are you doing with your 401k?
I am by no means a millionaire, but it isn’t chump change either. Curious to hear what have folks been doing. I completely understand the urge to leave/rollover to another firm, but are the fees/terms as favorable?
Is F(T)ools team getting hit in coming Quater?
Seems loot of F(T)ools member may on list of exit. EC should look what F(T)ools hiding behind there incompetency.
Pay Transparency
Would anyone want to share their pay for the benefit of others? Please be sure to include job level and position. Be as specific as you want regarding department and position.
SEC Proxy Filing
I encourage everyone to look at Schwab's proxy filing. This is public information filed with the SEC, as all publicly traded companies must do. Simply Google "Schwab Proxy Filing." It details how much our executives are paying themselves, including a... — read more
Why do you still work at a company you hate?
I read so many hateful messages here. I don't get it. I don't hate my job. I do dislike some aspects of it and I do admit that things have been going in the wrong direction lately, but that doesn't mean that I am not satisfied here. I fear layoffs... — read more
Laid off...cant move purchased stock
I got laid off in Oct. It stung at first but I'm employed again and have moved my 401k and brokerage account to a Schwab competitor because well eff you schwab. I tried to move my ESP shares but it said there are restrictions...These werent awards... — read more